Question: Resource Constrained Optimization: Multiple Internal Constraints Fisher Company produces two types of components for airplanes: A and B, with unit contribution margins of $400 and

 Resource Constrained Optimization: Multiple Internal Constraints Fisher Company produces two types
of components for airplanes: A and B, with unit contribution margins of
$400 and $600, respectively The components pass through three sequential processes: cutting,
welding, and assembly, Data pertaining to these processes and market demand are

Resource Constrained Optimization: Multiple Internal Constraints Fisher Company produces two types of components for airplanes: A and B, with unit contribution margins of $400 and $600, respectively The components pass through three sequential processes: cutting, welding, and assembly, Data pertaining to these processes and market demand are given below (weekly data), Resource Available Resource Usage (A) Resource Usage (B) Cutting 300 machine hours Six hours Ten hours Welding 305 welding hours Ten hours Assembly 400 labor hours Four hours Ten hours Market demand (A) Market demand (1) Six hours 50 One unit Zero units 40 Zero units One unit Required: 1. Express Fisher Company's constrained optimization problem as a linear programming model. If an an answer box does not require an entry, enter "0" for your answer. Objective function: Max 2 - $400 A + $600 B 6 A+ Internal constraints: 10B 300 (cutting) 10 A+ 6 B3 (welding) 308 4 A+ 10 BS (assembly) 400 308 4 A+ 10 85 (assembly) 400 External constraints: AS 50 B 40 Nonnegativity constraints: Az 0 B2 0 2. Select the graph that solves the linear programming model expressed in Requirement 1. a. b. As 50 B 350 B 100 B 100 10A - 6B What is the associated total contribution margin? Round the units of A and B to two decimal places, and round intermediate calculations and your final answer to the nearest dollar 560 x What is the incremental benefit per machine hour caused by the additional ten hours, if any? 560 X per machine hour Fedhack

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!